Laurence Place, 2 New Kings Head... Studio for sale

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Laurence Place, 2 New Kings Head... Studio for sale

Laurence Place, 2 New Kings Head Yard, Salford M3
£196,000

Our Summary

  • With 365 High Quality apartments the development was part of a £10 million regeneration project - one of the most impressive undertaken in Manchester city centre in recent years - Affinity Living Embankment West will become the highly desirable residential development at the very heart of this new district

Description

This 8th floor studio apartment is located in the Embankment West development, a prestigious residential complex in the heart of Manchester's city centre. With a floor area of 420 Sq. Ft, the apartment features a large floor-to-ceiling window that fills the living space with natural light and offers views over Greengate and Salford. The property is currently tenanted until August 2024 and offers a 6.73% rental yield, with a projected increase to 7.04% once the rent is increased to £1150 per month. The apartment is leasehold for 250 years from 2021, with a service charge of approximately £1551.88 per annum and a ground rent of approximately £343.79 per annum. The property is EWS1 A1 rated and has a B energy performance certificate rating. With its central location, on-site cafe, and stunning views, this apartment is perfect for both investors and owner-occupants.